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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 12. Health |
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Agency 30. Department of Medical Assistance Services |
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Chapter 40. Eligibility Conditions and Requirements |
Section 360. Treatment of entrance fees of individuals residing in continuing care retirement communities
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When determining eligibility for medical assistance, an individual's entrance fee in a continuing care retirement community or life care community that collects an entrance fee on admission from such individuals shall be considered a resource available to the individual to the extent that:
1. The individual has the ability to use the entrance fee, or the contract provides that the entrance fee may be used, to pay for care should other resources or income of the individual be insufficient to pay for such care;
2. The individual is eligible for a refund of any remaining entrance fee when the individual dies or terminates the continuing care retirement community or life care community contract and leaves the community; and
3. The entrance fee does not confer an ownership interest in the continuing care retirement community or life care community.
Historical Notes
Derived from Volume 22, Issue 23, eff. August 23, 2006.